Chapter 5 The Systems Approach to Innovation Management

The environment in which a company or organization operates today can be characterized by accelerating change, the globalization of markets, the emergence of new technologies and competitors, new regulatory requirements and ever more demanding users and citizens. In this environment, the ability...

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Main Authors: Karlsson, Magnus, Magnusson, Mats
Format: Online
Language:English
Published: Taylor & Francis 2021
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Online Access:1005149
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author Karlsson, Magnus
Magnusson, Mats
author_browse Karlsson, Magnus
Magnusson, Mats
author_facet Karlsson, Magnus
Magnusson, Mats
author_sort Karlsson, Magnus
collection Directory of Open Access Books
description The environment in which a company or organization operates today can be characterized by accelerating change, the globalization of markets, the emergence of new technologies and competitors, new regulatory requirements and ever more demanding users and citizens. In this environment, the ability to innovate becomes a key success factor for most organizations. They seek to continuously create and realize value by introducing new or changed products, services, processes, models, methods, etc. The reasons for an organization to innovate are many and can include to increase revenues, growth and profitability, reduce costs and waste, increase the satisfaction of users, customers and citizens, motivate employees and attract partners, collaborators and funding, and so on. Engaging in innovation activities is thus a way for an organization to be future focused and effectively deliver on its overall objectives to secure prosperity and longer-term relevance and survival. The ability to innovate and to make it a core organizational capability is increasingly becoming the most important differentiator and dominant success factor of organizations. Failing to capture new opportunities and to respond to innovation challenges may consequently lead to stagnation, irrelevance and ultimately to the demise of the organization.
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spelling doab-20.500.12854ir-396392025-03-04T09:56:38Z Chapter 5 The Systems Approach to Innovation Management Karlsson, Magnus Magnusson, Mats environment company organization innovation management thema EDItEUR::K Economics, Finance, Business and Management The environment in which a company or organization operates today can be characterized by accelerating change, the globalization of markets, the emergence of new technologies and competitors, new regulatory requirements and ever more demanding users and citizens. In this environment, the ability to innovate becomes a key success factor for most organizations. They seek to continuously create and realize value by introducing new or changed products, services, processes, models, methods, etc. The reasons for an organization to innovate are many and can include to increase revenues, growth and profitability, reduce costs and waste, increase the satisfaction of users, customers and citizens, motivate employees and attract partners, collaborators and funding, and so on. Engaging in innovation activities is thus a way for an organization to be future focused and effectively deliver on its overall objectives to secure prosperity and longer-term relevance and survival. The ability to innovate and to make it a core organizational capability is increasingly becoming the most important differentiator and dominant success factor of organizations. Failing to capture new opportunities and to respond to innovation challenges may consequently lead to stagnation, irrelevance and ultimately to the demise of the organization. 2021-02-10T12:58:18Z 2019-10-17 14:06:38 2020-04-01T10:14:59Z 2019 chapter 1005149 OCN: 1135855010 http://library.oapen.org/handle/20.500.12657/24954 9781138607491; 9780429467172 https://directory.doabooks.org/handle/20.500.12854/39639 eng Routledge Companions in Business, Management and Accounting open access image/jpeg image/jpeg image/jpeg image/jpeg n/a n/a n/a n/a https://library.oapen.org/bitstream/20.500.12657/24954/1/9781138244719_oachapter5.pdf https://library.oapen.org/bitstream/20.500.12657/24954/1/9781138244719_oachapter5.pdf https://library.oapen.org/bitstream/20.500.12657/24954/1/9781138244719_oachapter5.pdf https://library.oapen.org/bitstream/20.500.12657/24954/1/9781138244719_oachapter5.pdf Taylor & Francis Routledge fa69b019-f4ee-4979-8d42-c6b6c476b5f0 The Routledge Companion to Innovation Management 9781138607491; 9780429467172 Routledge 19 open access
spellingShingle environment
company
organization
innovation management
thema EDItEUR::K Economics, Finance, Business and Management
Karlsson, Magnus
Magnusson, Mats
Chapter 5 The Systems Approach to Innovation Management
title Chapter 5 The Systems Approach to Innovation Management
title_full Chapter 5 The Systems Approach to Innovation Management
title_fullStr Chapter 5 The Systems Approach to Innovation Management
title_full_unstemmed Chapter 5 The Systems Approach to Innovation Management
title_short Chapter 5 The Systems Approach to Innovation Management
title_sort chapter 5 the systems approach to innovation management
topic environment
company
organization
innovation management
thema EDItEUR::K Economics, Finance, Business and Management
topic_facet environment
company
organization
innovation management
thema EDItEUR::K Economics, Finance, Business and Management
url 1005149
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